BlockBeats News, December 1st, CoinShares released its latest weekly report indicating that after four consecutive weeks of large-scale fund outflows, digital asset ETPs recorded a net inflow of $1.07 billion last week, mainly driven by the expectation of a upcoming U.S. rate cut following remarks from Federal Reserve member John Williams.
Despite subdued Thanksgiving week trading volumes, the U.S. led globally with nearly $1 billion in inflows.
Bitcoin, Ethereum, and XRP all saw strong fund inflows, amounting to $464 million, $309 million, and a record-breaking $289 million, respectively.
